Bank plans to move 13,000 jobs just the tip of the iceberg, warns EY

That number is taken from looking at announcements from just six investment banks on their Brexit plans

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By

Clare Dickinson

October 12, 2017 Updated: 12:54 p.m. GMT

Investment banks with major UK operations could move as many as a combined 13,000 jobs out of the country as part of their Brexit plans, according to EY analysis of public statements — and it warns of a "much greater" impact across the whole finance sector.

The EY Brexit Tracker monitors public announcements made by 222 of the largest financial services firms with significant operations in the UK. They include investment banks, brokerages, asset managers, private equity firms and fintechs.